2022-03-31-accounts - Wodson Park Trust

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				Page
Trustees' Report			I	to	5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet			8	to	9
Cash Flow Statement				10
Notes to the Cash Flow	Statement
Notes to the Financial Statemenls			12	to	21
Detailed Stalemenl of Financial		Activities	22	to	23

						31,3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funds
			Notes	L	6	2	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies				1,524		1,524	16,659
Charitable activities
Membership subscriptions				17,263		17,263
Activity and function	fees			19,931		19,931	6,235
Charitable activities				697,707		697,707	476,393
Investment income				13		13
Total				736,438		736,438	499,287
EXPENDITURE ON
Raising funds				51,674		51,674	7,852
Charitable activities
Activity and function	fees			81,466	875	82,341
Charitable activities				662,777		662,777	687,206
Other				4,598		4,598	15,133
Total				800,515	875	801,390	710,191
Net gains on investments				9,609		9,609	21,997
NET INCOMEI(EXPENDITURE)				(54,468)	(875)	(55,343)	(188,907)
RECONCILIATION	OF FUNDS
Total funds brought	forward			779,203	1,799,727	2,578,930	2,767,837
TOTAL FUNDS CARRIED FORWARD				724,735	1,798,852	2,523,587	2,578,930

	BALANCE SHEET
	31 MARCH 2022
		31.3.22	31.3.21
	Notes	2	2
FIXEDASSETS
Tangible assets	12	2,287,439	2,405,486
Investments
Investments	13	40,402	130,793
Social investments	14	3	3
		2,327,844	2,536,282
CURRENTASSETS
Debtors	15	84,718	42,382
Cash at bank and in hand		223,905	71,904
		308,623	114,286
CREDITORS
Amounts falling due within one year	16	(112,880)	(71,638)
NETCURRENTASSETS		195,743	42,648
TOTAL ASSETSLESSCURRENT LIABILITIES		2,523,587	2,578,930
NETASSETS		2,523,587	2,578,930
FUNDS	19
Unrestricted funds		724,735	779,203
Restricted funds		1,798,852	1,799,727
TOTAL FUNDS		2,523,587	2,578,930

						31.3.22	31.3.21
					Notes	2
Cash flows from	operating	activities
Cash generated from operations						76,773	(132,601)
Interest paid						(8,709)	(3,582)
Net cash provided	byf(used	in)	operating	activities		68,064	(136,183)
Cash flows from	investing	activities
Purchase of tangible fixed assets						(12,881)	(2,416)
Sale of fixed asset investments						100.000	29,082
Interest received						13
Net cash provided	by investing		activiliea			87,132	26,666
Cash flows from	financing	activities
New loans in year							45,000
Loan repayments	in year					(3,195)
Net cash (used in))provided		by	financing	activities		(3,195)	45,000
Change m cash	and cash	equivalents		in Ihe
reporting period						152,001	(64,517)
Cash and cash equivalents		at the beginning
of the reporting	period					71,904	136,421
Cash and cash equivalents		at the end		of the
reporting period						223,905	71,904

	RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	ACTIVITIES
								31.3.22	31.3.21
								8
	Net expenditure lor		the reporting		period (as per the Statement	of Financial
	Activities)							(55,343)	(188,907)
	Adjustments for:
	Depreciation charges							130,928	121,733
	Gain on investments							(9,609)	(21,997)
	Interest received							(13)
	Interest paid							8,709	3,582
	(Increase)/decrease		in debtors					(42,336)	4,209
	Increase/(decrease)in		creditors					44,437	(51,221)
	Net cash provided	by/(used		in) operations				76,773	(132,601)
2.	ANALYSIS OF CHANGES IN			NET	FUNDS
						At	1.4.21	Cash flow	At 31.3.22
							6	8	2
	Net cash
	Cash at bank and in		hand				71,904	152,001	223,905
							71,904	152,001	223,905
	Debt
	Debts falling due within I year						(45,000)	3,195	(41,805)
							(45,000)	3,195	(41,805)
	Total						26,904	155,196	182,100

	INCOME FROM	CHARIT	ABLE AC	TIVITIES
						31.3.22	31.3.21
				Activity
	Activities and function fees			Membership	subscriptions	17,263
	Activities and function fees			Activity and	function fees	14,931	2,553
	Rent received			Activity and	function fees	5,000	3,682
	Grants			Charitable	activities	142,825	320,094
	Activities and function fees			Charitable	activities	2,803	308
	Charitable activities			Charitable	activities	543,918	155,991
	Rent received			Charitable	activities	8,161
						734,901	482,628
	Grants received, included		in the above, are as folfceuc
						31.3.22	31.3.21
						2	2
	Grant Income					142,825	320,094
	RAISING FUNDS
	Other trading	activdree
						31.3,22	31.3.21
							2
	Purchases					40,583	1,120
	Licensing					2,382	3,150
	Interest payable and similar charges					8,709	3,582
						51,674	7,852
6	CHARITABLE	ACTIVITIES COSTS
							Dsect
							Costs
							E
	Activity and function fees						82,341
	Charitable activities						662,777
							745,118

STAFF COST	S
						31.3.22	31.3.21
						2
Wages and salaries						369,224	365,541
Social security costs						15,795	15,542
Other pension	costs					10,306	5,364
						395,325	386,447
The average	monthly	number	ofemployees		duding the year was as follows:
						31.3.22	31.3.21
Average number of employees						44	46
No employees	received emoluments			in excess of 260,000.

			Unrestricted	Restricted	Total
			funds	fund	funds
			2	f	E
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		16,659		16,659
Charitable	activities
Activity and function fees			6,235		6,235
Charitable	activities		473,893	2,500	476,393
Total			496,787	2,500	499,287

					Unrestricted	Restricted	Total
					funds	fund	lunds
					2	2	2
	Raising funds				7,852		7,852
	Charitable activities
	Chantable activities				686,240	966	687,206
	Other				15,133		15,133
	Total				709,225	966	710,191
	Nel gains on investments				21,997		21,997
	NET INCOME((EXPENDITURE)				(190,441)	1,534	(188,907)
	RECONCILIATION	OF FUNDS
	Total funds brought	forward			969,644	1,798,193	2,767,837
	TOTAL FUNDS CARRIED FORWARD				779,203	1,799,727	2,578,930
12.	TANGIBLE FIXEDASSETS
				Improvements	Fixtures
			Freehold	to	and	Computer
			properly	property	fiaings	equipment	Totals
			2	f	2	5'	f
	COST
	At I April 2021		3,960,777	1,916,961	648,717	52,449	6,578,904
	Additions			2,520	10,361		12,881
	At 31 March 2022		3,960,777	1,919,481	659,078	52,449	6,591,785
	DEPRECIATION
	At I Apnl 2021		1,889,681	1,623,054	611,474	49,209	4,173,418
	Charge for year		79,215	31,638	16,835	3,240	130,926
	Al 31 March 2022		1,968,896	1,654,692	628,309	52,449	4,304,346
	NET BOOK VALUE
	At 31 March 2022		1,991,881	264,789	30,769		2,287,439
	At 31 March 2021		2,071,096	293,907	37,243	3,240	2,405,486

I3.	FIXEDASSET IN	VESTM	ENTS
					Listed
					mvestments
					2
	MARKETVALUE
	At I April 2021				130,793
	Disposals				(100,000)
	Revaluations				9,609
	At 31 March 2022				40,402
	NET BOOK VALUE
	At 31 March 2022				40,402
	Al 31 March 2021				130,793
	There were no investment		assets outside the UK.
	Cost or valuation	at 31 March 2022 is represented		by;
					Listed
					investments
					2
	Valuation in 2021				130,793
	Valuation in 2022				(90,391)
					40,402
14,	SOCIAL INVESTMENTS
					Other
					investments
					2
	MARKETVALUE
	At I April 2021 and 31 March 2022
	NET BOOK VALUE
	At 31 March 2022
	At 31 March 2021

15.	DEBTO	RS:AMOUN	TS F	ALLING DUE WITHIN ONE YEAR
							31.3.22	31.3.21
							2	f
	Trade debtors						48,184	1,854
	Amounts	owed by group undertakings						11,491
	VAT							16,439
	Prepayments and accrued			income				12,598
							84,718	42,382
16,	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							31.3.22	31.3.21
							2	2
	Bank loans and overdrafls			(see note t7)			41,805	45,000
	Trade creditors						34,003	13,802
	Amounts	owed to group undertakings					2,427
	Social security and other taxes						5,143	3,989
	VAT						7.715
	Other creditors						I v'I35	1,056
	Accruals	and deferred	income				20552	7,791
							112,880	71,638
17.	LOANS
	An analysis of the maturity			of loans is given below:
							31.3.22	31.3.21
							2	2
	Amounts	falling due within		one year on demand:
	Bankloans						41,805	45,000
18.	ANALYSIS OF NET		ASSETSBElWEEN FUNDS
							31.3.22	31.3.21
				Unrestricted	Restricted		Total	Total
				funds	fund		funds	funds
				2	2		2	2
	Fixed assets			489,246	1,798,193		2,287,439	2,405,486
	Investments			40,405			40,405	130,796
	Current	assets		307,964		659	308,623	114,286
	Current	liabilities		(112,880)			(112,880)	(71,638)
				724,735	1,798,852		2,523,587	2,578,930

MOVEMENT	IN FUNDS
						Net
						movement	At
					AI 1.4.21	in funds	31.3.22
					6	cx	6
Unrestricted	funds
General fund					779,203	(54,468)	724,735
Restricted funds
Restricted funds					1,799,727	(875)	1,798,852
TOTAL FUNDS					2,578,930	(55,343)	2,523,587
Net movement	rn funds, included		in the above	are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				2	6	2	2
Unrestricted	funds
General fund				736,438	(800,515)	9,609	(54,468)
Restricted funds
Restricted funds					(875)		(875)
TOTAL FUNDS				736,438	(801,390)	9,609	(55,343)
Comparatives	ior movement	in	funds
						Net
						movement	At
					Ai 1.4.20	in funds	31.3.21
					6	2	2
Unrestricted	funds
General fund						(190,441)	(190,441)
Unrestricted funds					969,644		969,644
					969,644	(190,441)	779,203
Restricted funds
Restricted funds					1,798,193	1,534	1,799,727
TOTAL FUNDS					2,767,837	(188,907)	2,578,930

			Incoming	Incoming	Resources	Gains and	Movemenl
			resources		expended	losses	in funds
				2	2	2	2
Unrestricted		funds
General	fund		496,787		(709,225)	21,997	(190,441)
Restricted funds
Restricted funds				2,500	(966)		1,534
TOTAL	FUNDS		499,287		(710,191)	21,997	(188,907)
A current	year 12months and prior year 12months combined			position is	as fdlows:
						Net
						movement	At
					AI 1.4.20	In funds	31.3.22
					2	2	2
Unrestricted		funds
General	fund					(244,909)	(244,909)
Unrestricted		funds			969,644		969,644
					969,644	(244,909)	724,735
Restricted funds
Restricted funds					1,798,193	659	1,798,852
TOTAL	FUNDS				2,767,837	(244,250)	2,523,587

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in lunds
	2	2	2	2
Unrestricted funds
General fund	1,233,225	(1,509,740)	31,606	(244,909)
Restricted funds
Restricted funds	2,500	(1,841)		659
TOTAL FUNDS	1,235,725	(1,511,581)	31,606	(244,250)

	DETAILED STATEMENT OF FINANCIAL ACTIVITIES
	FOR THE YEAR ENDED 31 MARCH 2022
		31.3.22	31.3.21
		2
INCOME AND ENDOWMENTS
Donations and legacies
Gifts		1,524	2,000
Gift aid			14,659
		1,524	16,659
Investment income
Interest receivable - trading		13
Charitable activities
Grants		142,825	320,094
Activities and function fees		34,997	2,861
Charitable activities		543,918	155,991
Rent received		13,161	3,682
		734,901	482,628
Total incoming resources		736,438	499,287
EXPENDITURE
Other trading activities
Purchases		40,583	1,120
Licensing		2,382	3,150
Bank interest		8,709	3,582
		51,674	7,852
Charitable activities
Wages		369,224	365,541
Social secunty		15,795	15,542
Pensions		10,306	5,364
Hire of plant and machinery		2,153	1,975
Rates and water		21,569	14,193
Insurance		25,350	30,062
Light and heat		78,314	48,261
Telephone		1,395	4,957
Postage and stalionery		1,474	276
Sundnes			71
Maintenance		58,197	55,612
Computer expenses		10,853	11,600
Accountancy and legal fees		19,560	12,019
Fixtures and fittings		130,928	121,733
		745,118	687,206
Support costs

			31.3.22	31,3.21
			L	8
SUpport costs
Other
Sundnes			4,598	15,133
Total resources expended			801,390	710,191
Net expenditure	before gains and losses		(64,952)	(210,904)
Realised recognised		gains and losses
Realised gains/(losses)		on fixed asset investments	9,609	21,997
Net expenditure			(55,343)	(188,907)